Alight announces full exercise of over-allotment option in secondary offering

Lincolnshire, ill.--( business wire )--alight, inc. (“alight”) (nyse: alit), a leading cloud-based human capital technology and services provider, today announced that the underwriters of its previously announced secondary public offering have fully exercised their option to purchase an additional 3,000,000 shares of alight's class a common stock (the “over-allotment option”) at a public price of $7.75 per share from certain funds affiliated with blackstone inc., jasmine ventures pte. ltd., certain funds affiliated with new mountain capital and platinum falcon b 2018 rsc ltd. (collectively, the “selling stockholders”). after giving effect to the full exercise of the over-allotment option, the total number of shares sold by the selling stockholders in the secondary offering increased to 23,000,000 shares. subject to customary closing conditions, the offering (including the shares to be sold pursuant to the over-allotment option) is expected to settle and close on or about november 17, 2022. alight is not selling any shares of class a common stock in the offering and will not receive any proceeds from the offering.
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